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Sep 18, 2014

Taxes just one factor in Greater Springfield Area income inequality, Standard & Poor's study says

Economists who work to reduce that gap in the Pioneer Valley stress that taxes are just one piece in an increasingly complex fiscal puzzle. A Standard & Poor's study released Monday revealed a link between high income inequality and lower state tax r... #Washington, D.C. #Massachusetts #Standard & Poor's #Connecticut #Census Bureau #New York (state) #Springfield, MA

Sep 18, 2014

Who Are the Real Takers?

We have been here before. The Census Bureau just reported that the poverty rate fell in 2013, the first drop since 2006. It fell to 14.5 percent, down from 15 percent in 2013, but 45.3 million people are still living at or below the poverty line, whi... #South Carolina #New Mexico #Mississippi #Census Bureau

Sep 18, 2014

Here's How Unfair The Tax System Is In Each State

Most people don't love paying taxes, though they agree on the need to fork over some money to keep the government running. But what type of system do Americans consider fair? And which states adhere most closely to that system? That's exactly what Wa... #South Carolina #Hawaii #U.S. Republican Party

Sep 16, 2014

Income inequality is hurting state tax revenue, report says

Income inequality is taking a toll on state governments. The widening gap between the wealthiest Americans and everyone else has been matched by a slowdown in state tax revenue, according to a report being released Monday by Standard & Poor’s. Even a... #South Carolina #Hawaii #U.S. Republican Party

Sep 15, 2014

CO among 10 states most reliant on income taxes

Colorado is among the top 10 states most reliant on income taxes for revenue, according to a new report concluding that income inequality is contributing to slower economic growth nationally... #South Carolina #Hawaii #U.S. Republican Party

Sep 19, 2014

Tax burden on workers is 'too heavy', says Taoiseach

TAOISEACH Enda Kenny has promised to lift the "too heavy" tax burden on low and middle income earners in the Budget... #South Carolina #Hawaii #U.S. Republican Party

Sep 18, 2014

Earnings within a Roth IRA are tax free, so are these earnings included in the modified adjusted gross income which is used to determine Roth IRA eligibility?

There are two possible answers to this question, depending on whether or not the distribution from the Roth IRA is qualified.Earnings on investments within a Roth IRA are neither subject to income tax nor are they included in the IRA owner's income. ... #South Carolina #Hawaii #U.S. Republican Party

Sep 17, 2014

Solons want income and excise taxes from sale of gold removed

Two lawmakers have proposed removing the excise and income taxes on gold sold to Bangko Sentral ng Pilipinas as a way of encouraging small-scale miners and traders to sell their gold to government rather than the black market... #South Carolina #Hawaii #U.S. Republican Party

Sep 16, 2014

Thousands more dragged into inheritance tax trap: Property prices soar by 11.7% in year to July

The house price increase, the steepest since before the recession, has seen thousands of middle income families dragged into paying inheritance tax and higher rates of stamp duty... #South Carolina #Hawaii #U.S. Republican Party

Sep 16, 2014

Back To School 2014: Health Insurance Premiums As Benefits And Deductions

Do you pay for your own health care insurance? If so, it may be deductible on your federal income tax return. If you're lucky enough to have your health care insurance paid for by your employer, that's tax beneficial, too: health insurance premiums a... #South Carolina #Hawaii #U.S. Republican Party